Bitfortip.com Review: Q&A With A Twist

Estimated reading time: 3 minutes

bitfortip logo

With Bitcoin still in its infancy, there remains a need for merchants to start accepting bitcoins and for new web services that make use of the low operational fees and commissions available to Bitcoin users. One such new service is BitForTip.com.

BitForTip is a question-and-answer-type website where users can tip and earn bitcoins by posting questions or answering questions from other members. BitForTip takes advantage of Bitcoin’s tendency to work extremely well with micro-transaction style, instant payments to encourage users to answer people’s questions.

HOW IT WORKS

After creating an account on BitForTip, the system will generate a Bitcoin wallet address for you which is automatically connected to your account. You can deposit or withdraw Bitcoin to and from this account wallet as you would with any other wallet, in order to either fund your account to be able to ask more question, or to withdraw any profit you made from answering other members’ questions.

account wallet

Once you’ve funded your account wallet with a minimum of 0.0001 BTC ($0.02 at the time of writing), you are ready to ask a question. After entering required details (title, additional info, etc) you will be asked to put an amount of bitcoins in escrow from your account wallet. Then you wait for the answers to roll in.

When someone provides you with the “right answer” or whatever information you were looking for, you then manually release the reward from escrow and the amount is credited directly and instantly to the member’s account wallet.

The idea is that sometimes, as much information as there is on Google, it can still be harder to find whatever you’re looking for than paying someone a small tip for giving you the answer you’re looking for.

Sometimes it's quicker to just ask

Sometimes it’s quicker to just ask

WHAT WORKS

BitForTip may be a new player in the market, but it’s already had quite a few success stories. If you click on the “closed questions” link on the bottom right of the BitForTip website you’ll find the types of questions BitForTip works best for… highly specific and niche questions you probably won’t be able to find answers for on Google. Questions such as:

These are the sort of answers you can expect

These are the sort of answers you can expect

WHY BITFORTIP?

Could the answers to most questions be found on Google? Maybe. Would you be able to find that t-shirt, for example, or a cheaper Galaxy S6? Sure, but you’d need to spend hours digging through Google’s search results to somehow stumble onto the answer you want.

On the other hand, for 0.004 BTC (just under $1), Zeus saved $112 AUD, a lot of headache, and made TBZI (the user who found the cheapest phone) a little bit happier.

IN CONCLUSION

I highly recommend BitForTip if you’re looking for an answer that requires either a lot of legwork or specific expertise. All you need is 0.0001 BTC (or $0.02 USD).

On the other hand, if you’ve got some expertise or other, why not create an account and start answering questions? You don’t need to fund your account to answer questions.

Everybody wins when we help each other, and BitForTip makes that happen.


Amante Reale

I'm a freelance writer specializing in tech, gadgets, security, cryptography and cryptocurrency. Warning: I am armed with very strong opinions and I'm not afraid to use them. Hire me!